FINANCIAL AID & SCHOLARSHIPS Leah Nicholson

THE BASICS The cost of college Financial Aid Process Types of Aid

COST OF ATTENDANCE (COA) Tuition Required Campus Fees Room & Board Books Transportation Personal Expenses COST OF ATTENDANCE (COA) affordability.ku.edu/costs

STUDENT & PARENTS WILL NEED: FSA User ID & Password 2016 Tax Information Additional Financial and Asset Information Social Security Numbers

Apply for your FSA ID at FSAID.ed.gov FEDERAL STUDENT AID USER ID – FSA ID Apply for your FSA ID at FSAID.ed.gov

COMMON FSA ID ISSUES Not providing an email address An email address can only be used once FSA ID is attached to personal information You have to have a social security number to create an FSA ID

FILE THE FAFSA

COMMON ISSUES LEGAL NAME SOCIAL SECURITY NUMBER DATE OF BIRTH GENDER

DEPENDENCY STATUS BORN BEFORE JANUARY 1,1995 MARRIED GRADUATE STUDENT HAVE CHILDREN YOU SUPPORT MORE THAN 50% MILITARY ACTIVE DUTY/VETERAN HOMELESS, ORPHAN, WARD OF THE COURT, FOSTER CARE LEGAL GUARDIANSHIP OR EMANCIPATED MINOR Answer No to ALL questions – they are Dependent Answer YES to ANY questions – they are Independent

PARENT INFORMATION INCLUDE BOTH PARENTS ON THE FAFSA IF: Your parents are married. Your parents are unmarried, but living together. INCLUDE STEPPARENTS INFORMATION IF: Your parent is remarried to a stepparent. INCLUDE ONLY ONE PARENT ON THE FAFSA IF: Your parents are divorced, separated, not remarried, and/or do not live together. Include the parent who you lived with most in the past 12 months. GRANDPARENTS, FOSTER PARENTS, & LEGAL GUARDIANS: They are not considered as parents unless they legally adopted you

HOUSEHOLD SIZE: YOURSELF YOUR PARENTS ON THE FAFSA Including stepparents YOUR PARENTS’ OTHER CHILDREN To be included, your parents’ must support them at least 50% financially OTHER PEOPLE LIVING IN THE HOUSEHOLD To be included, your parents’ must support them at least 50% financially

NUMBER IN COLLEGE: YOURSELF OTHERS LIVING IN YOUR HOUSEHOLD Must be enrolled at least half time Do not include your parents even if they are enrolled half time in college.

USE THE IRS DATA RETRIEVAL TOOL TAKE NOTE: Many fields will be populated – but you will not be able to see the transferred information on the FAFSA The IRS DRT is available about 2 weeks after you file your taxes electronically

529 SAVINGS PLAN Reported under parent’s investment net worth if parent information is on FAFSA All 529 plans must be reported that are owned by the student and/or the parent(s) for any member of the household These include accounts with a designated beneficiary other than the student for whom the FAFSA is being completed, such as a sibling of the dependent applicant or a child of the independent applicant. Reported under the student’s investment net worth if no parents are reported on the FASFA

ADDITIONAL FINANCIAL INFORMATION Additional Financial Info includes: Untaxed Income includes: Payments to Tax-Deferred Pension Child Support Received Housing & Other Allowances paid to Military/Clergy Veterans Non-Education Benefits Money received or paid on your behalf Education Credits Child Support Paid Combat Pay Taxable Grants & Scholarships Federal Work-Study Earnings READ EACH LINE CAREFULLY. CHECK ALL THAT APPLY. USE THE HELP & HINTS.

SIGN & SUBMIT YOUR FAFSA. AGREE TO “TERMS OF AGREEMENT” STUDENT ENTERS FSA ID & PASSWORD PARENT ENTERS FSA ID & PASSWORD REVIEW “FAFSA SUMMARY” CLICK “SUBMIT FAFSA NOW” PRINT CONFIRMATION PAGE

VERIFICATION IF SELECTED: Required by the Department of Education to complete before FAFSA can be processed The process is completed through the school Additional tax documentation and forms may need to be submitted to complete the FAFSA IRS Data Retrieval Tool = Simpler process

ESTIMATED FAMILY CONTRIBUTION (EFC) FAFSA information determines this number An estimate that the government believes a family might be able to afford to contribute financially COST OF ATTENDANCE (COA) The total estimated cost for a student at a particular institution AWARD LETTERS You will receive a communication about your financial aid eligibility from your school

WHAT ARE SPECIAL CIRCUMSTANCES? The information provided on the FAFSA no longer reflects your family’s financial situation. Contact the college you plan to attend to find out how to have your award package re-evaluated. WHAT ARE SPECIAL CIRCUMSTANCES?

APPLY EARLY! DECEMBER 1

AWARDS BASED ON FAFSA GRANTS FEDERAL WORK-STUDY LOANS SCHOLARSHIPS

KU SCHOLARSHIPS All Kansas who meet the criteria listed below and apply by Nov. 1 receive the scholarship. There are no separate applications for these scholarships.

IMPORTANT DEADLINES NOVEMBER 1 DECEMBER 1 Scholarship Deadline FAFSA Priority Deadline

FINANCIAL AID & SCHOLARSHIPS KU Visitor Center 785-864-4700 financialaid@ku.edu affordability.ku.edu Appointments Available!